This one technique could increase your profitability three times over!

• This one technique could increase your profitability three times over!

• All the labour, HR and Health and Safety forms you need... Ready to use in 4 simple steps!

Dear Reader,

It's no surprise that happy employees are the heart of a successful company. Companies with higher employee involvement are up to three times more profitable than those with less satisfied employees. There is however a secret to this.

This one technique could increase your profitability three times over!

The answer is simple. It's a regular discussion with your current employees to find out how they feel about working for your company. It's a good way to keep tabs on the concerns and ambitions of your employees. Think of it as holding a mirror to see what you're doing right, or what you can do to improve. This type of discussion is called a 'stay interview'

Like recruitment and exit interviews, a good stay interview will give you important information, but only when you ask the right questions. You can use your employees' responses as a blueprint for ways to keep your workforce happy and productive. This will in turn positively impact your profits!

Here are some helpful tips to get you started with a stay interview….

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All the Labour, HR and Health and Safety forms you need… Ready to use in 4 simple steps

Have you experienced one of these situations?
- You've disciplined your employee and have to give him a written warning;
- The health and safety inspector is due for a visit;
- You need to prove you're compliant with the law;
- You've got a temporary employee starting tomorrow; and
- You need an employment contract.

The documents for just these three issues will take you hours to compile. I know all the administration around employees takes up so much of your valuable time. You've really got more important things to do than draw up a warning letter or simple contract from scratch. You need it done for you. And we've done just that. Get all the labour, HR and health and safety forms and templates you need in the A to Z Master Forms and Templates.

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Five stay interview questions you can ask

The most notable thing to remember is to make your employees feel comfortable. They must be free to express their concerns, without the fear of a consequence. Your motives should be clear. For example, begin a discussion about how things on the job can be improved.

Other questions you could ask are
• What is your dream job?
• What could another company offer you to make you consider leaving?
• What do you like best about your current role?
• What do you like least?
• What could we do to increase your job satisfaction?

When stay interviews become a valuable tool in your Human Resources arsenal, you can better retain your most productive employees.

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